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What is the differenc between a cc and partnership?

Anonymous

∙ 13y ago

Updated: 9/15/2023

Patnership have limited number of partners (2to20)and. Close corporate have limited number up to 50 members cc has also got its legal entity , and patneraship have no legal entity

Wiki User

∙ 13y ago

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Difference between sole proprietorship and partnership?

A sole proprietor is a person who is in business for themselves. A partnership is two or more people who are in business for themselves.

What is the difference between a partnership and an operating agreement?

The difference between a partnership agreement and an operating agreement is that in the partnership agreement is set up for all owners or partners to be responsible for the company. The operating agreements differs in the fact that the agreement is for the person or people in charge of the operating requirements for the company.

What is the different between cash credit account and current account?

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What is the difference between registered company and partnership?

Unlike the shareholders in a limited company, the members of a general partnership have no financial protection if the business runs into trouble - each partner is responsible for the debts of the partnership as a whole. This means that each partner's personal assets may be at risk if the business fails

Is there a difference between a partnership balance sheet and a corporation balance sheet?

In partnership balance sheet capital of all partners is shown while in corporate balance sheet capital of all share holders is shown.

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